Euro, EUR/USD, US Dollar, Treasury Yields, Trend Break – Talking Points Euro appears to be re-asserting itself against the US Dollar Treasury yields have pulled back from recent peaks with a changing mood If the macro picture remains supportive, will technicals boost EUR/USD? Recommended by Daniel McCarthy Get Your Free EUR Forecast The Euro has
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: USD firms modestly. Economists at Scotiabank analyze Greenback’s outlook. Soft data risks for the US may be rising The USD is trading firmer overall but the ‘market-weighted’ DXY is trading off its earlier highs ahead of the North American session and effectively continues to consolidate within the October trading range. Soft data
Euro, EUR/USD, US Dollar, EUR/JPY, Japanese Yen, EUR/GBP, British Pound, Trend, Range – Talking Points Euro appears to be struggling against the US Dollar with a trend unfolding EUR/JPY has steadied after a downside breakout move was rejected EUR/GBP continues to bounce around in the range for now. Will EUR/GBP break out? Recommended by Daniel
Last Friday, the market sold off as the University of Michigan Consumer Sentiment report saw a big miss across the board with the inflation expectations figures spiking back up. This might be a signal that the consumers are indeed weakening, and it could be a bad omen for the broad market. Moreover, we got some
UK: The BoE kept interest rates unchanged at the last meeting. The central bank is leaning more towards keeping interest rates “higher for longer” but it kept a door open for further tightening if inflationary pressures were to be more persistent. Key economic data like the latest employment report showed a very high wage growth
Euro, EUR/USD, US Dollar, EUR/JPY, Japanese Yen, EUR/CHF, Swiss Franc, Trend, Range – Talking Points Euro bulls have been cheering against the US Dollar this week after a rally A plunge in EUR/JPY last week proved to be unsustainable with a solid bounce EUR/CHF looks to be in the range for now. Will EUR/CHF break
US: The Fed left interest rates unchanged as expected at the last meeting. The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the year with less rate cuts in 2024.
Last Friday, the NFP report massively beat forecasts with 336K jobs added against 170K expected. The unemployment rate remained unchanged at 3.8% and average hourly earnings were a touch lower. Overall, the market viewed it as a good release with the soft-landing narrative prevailing. Over the weekend, Hamas launched a big attack against Israel which
In this video, I outline the risks and targets in the GBPUSD as we work toward the close for the week, and the look ahead into the new trading week. What are the targets? What is the risk now? What did the price action today tell us technically? This article was written by Greg Michalowski
